Competition from U.S. exporters in Ontario and Quebec has a silver lining for sponsors of liquefied natural gas (LNG) projects on the Pacific Coast of British Columbia (BC).
Articles from Exporters
A monumental shift in global oil demand and supply growth — with North America’s surging supplies exceeding earlier expectations — is redefining the industry and should transform international trade over the next five years, the International Energy Agency (IEA) said Friday.
While there is uncertainty and risk, particularly for would-be exporters, the longer term ramifications for U.S. liquefied natural gas (LNG) exports could carry a number of positive aspects for the economy, both domestically and globally, according to Rice University energy economist Ken Medlock.
Noting it is one of the only proposed exporters not tied to domestic U.S. natural gas supplies, Oregon LNG has filed with the U.S. Department of Energy (DOE) for a permit to export liquefied natural gas (LNG) supplies to non free trade nations, saying that the proposed project at the mouth of the Columbia River will have very little, if any, impact on U.S. gas prices or the national supply-demand balance.
The tables are turning in the natural gas trade between Canada and the United States as U.S. exporters establish a growth trend. Pipeline deliveries of U.S. gas into Canada set a fifth consecutive annual record last year, according to the latest traffic count by the U.S. Department of Energy.
Alaskan exporters have beaten Canadian rivals at scoring an international marketing coup: the first sale to China of liquefied natural gas (LNG) from North America. ConocoPhillips Alaska and Marathon Oil Co. scored the breakthrough in May, according to an international gas trade scorecard kept by the U.S. Department of Energy.
Nuclear power’s loss in Japan is rapidly turning out to spell gain for natural gas — and not least in Western Canada. Aspiring overseas exporters of liquefied natural gas (LNG) heard that encouraging word from international market participants recently in the Canadian industry capital of Calgary.